Partner Zone
Partner Zone

Invoicing

This thread is now closed to new comments.
Some of the links provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Highlighted
Johnwg
3 Posts
User
Johnwg

3Posts

1Kudos

0Solutions

Solved: Go to Solution

Invoicing

When my client set MYOB up, the default sales account in MYOB general ledger for a “service” type business (a/c 4-1200 “Fee Income”) was deleted for some reason.

 

  • Because this, when each sales invoice is processed, both Net Sales revenue and gross debtor amounts are going to the same a/c (1-1800 Accounts Receivable).
  • Clearly, the Net Sales Revenue (excluding GST) should be going to a/c 4-1200 (Fee Income).
  • GST Collected however is being correctly allocated to GST Collected.
  • Customer Payments are being correctly allocated to 1-1800 (Accounts Receivable).
  • The Problem: I have reinstated the default Fee Income a/c (4-1200), but sales invoices are still being incorrectly allocated by MYOB.

 

QUESTION:      What is the solution?

2 REPLIES 2
Super User sholt73
917 Posts
Super User
Australia
sholt73
Super User

917Posts

555Kudos

44Solutions

Accepted Solution Solved Solution

Re: Invoicing

I don't think Essentials uses the same defaults as in AccountRight. so I'd go and create a new sale and see if any default accounts pop up, and if they don't then a user is doing it. 

Johnwg
3 Posts
User
Johnwg

3Posts

1Kudos

0Solutions

Re: Invoicing

Thanks. I have since come to the same conclusion and instructed my client accordingly.

Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post